Finance

A plastic bull figurine, symbol of the Frankfurt stock exchange is pictured in front of the German share price index DAX board at the Frankfurt stock exchange. Kai Pfaffenbach | Reuter LONDON — Corporate earnings season is off to a flying start, but the positive surprises have so far failed to generate upward momentum for

Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters Federal Reserve officials next week are likely to paint a robust picture on the economy while simultaneously not even hinting at policy changes

A visual representation of the cryptocurrency Bitcoin on November 21, 2020 in London, England. Jordan Mansfield | Getty Images LONDON — A Turkish cryptocurrency exchange is offline and its CEO has reportedly gone missing, leaving thousands of investors worried that their funds have been stolen. Thodex, a crypto firm based in Turkey, said its platform

In this article ANTM An employee walks through the campus of the Ant Group Co. headquarters in Hangzhou, China, on Wednesday, Jan. 20, 2021. Qilai Shen | Bloomberg via Getty Images Months after the sudden suspension of Ant Group’s highly-anticipated dual listing, China’s financial technology companies are facing difficulties trying to go public in the

Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE Futures contracts tied to the major U.S. stock indexes ticked higher at the start of the overnight session as investors prepared to end a down week for equities amid concerns the White House could seek a hike to the

Chinese President Xi Jinping Aris Messinis | Pool | Reuters BEIJING — Chinese President Xi Jinping called Thursday for countries to work together, while respecting their different responsibilities on reducing carbon emissions. Xi made the remarks at a U.S.-led climate summit. The Chinese leader’s roughly five-minute remarks via video conference were the first from the

In this article BYD Less than half a year since revealing a flying vehicle prototype, Chinese electric car start-up Xpeng unveiled a second model at the Shanghai auto show in April 2021. Evelyn Cheng | CNBC SHANGHAI – Flying cars may have made headlines at this year’s Shanghai Auto Show, but China’s BYD — which

Market bull John Stoltzfus sees investment opportunities across the board as earnings season kicks into high gear. Stoltzfus, chief investment strategist at Oppenheimer Asset Management, considers trading activity a lot more sensible than critics think — particularly when it comes to 2020’s big winner. “We see technology as ubiquitous. It serves both the business community

The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Following the booming profit beats of its Wall Street rivals, Credit Suisse is expected to report a significant loss on Thursday as it navigates the fallout from two high-profile crises. The Swiss lender

Citigroup CEO Jane Fraser said that she decided to exit the bank’s retail operations in 13 countries outside the U.S. to improve returns. One of the biggest priorities for Fraser, who took over for predecessor Michael Corbat in February, is to bring New York-based Citigroup’s returns closer to those of peers including JPMorgan Chase and Bank

Traders on the New York Stock Exchange. Source: NYSE Stock futures fell slightly in overnight trading Tuesday amid a sharp decline in Netflix shares, pointing to a third straight negative day on Wall Street. S&P 500 futures dipped 0.1% and Nasdaq 100 futures fell 0.4%. Futures on the Dow Jones Industrial Average traded near the

Take a look at some of the biggest movers in the premarket: Kansas City Southern (KSU) – Shares of the rail operator surged 18.9% in premarket trading, after Canadian National Railway (CNI) offered $325 per share in cash and stock for the company, topping a prior $275 per share offer from Canadian Pacific (CP). The

U.S. stock futures were flat in overnight trading on Monday as investors prepare for the next batch of corporate earnings. Dow futures rose 35 points. S&P 500 futures gained 0.04% and Nasdaq 100 futures were flat. The major averages fell on Monday, dragged down by overall weakness in the technology sector. The Dow Jones Industrial

Institutional Investor Hall of Famer Richard Bernstein is finding a lot of denial about inflation risks. According to Bernstein, the evidence is baked in to how investors are positioned right now. “Think about what people love. They love long-duration equities right now,” the CEO and CIO of Richard Bernstein Advisors told CNBC’s “Trading Nation” on

Traders on the New York Stock Exchange. Source: NYSE This is a very powerful rally. The combination of surprisingly strong economic reports and even more surprisingly strong earnings reports is pushing broad swaths of the U.S. stock market to new highs. Even the technicians are impressed. “The vast majority of NYSE stocks are in intermediate-term

In this article DBSM-SG SINGAPORE — Singapore’s largest bank DBS Group Holdings said it’s not practical to cut off clients with coal exposure in the short term. DBS on Friday announced that it aims to eliminate thermal coal exposure by 2039. To get there, DBS will cease taking on new clients that derive more than

U.S. stock index futures declined in overnight trading on Sunday, after the S&P 500 and Dow Jones Industrial Average closed at record highs on Friday. Futures contracts tied to the Dow slid 69 points, or 0.2%. S&P 500 futures dipped 0.3%, while Nasdaq 100 futures were 0.34% lower. Stocks are coming off a week of

In this article DOGE.CM= A visual representation of dogecoin and other cryptocurrencies. Yuriko Nakao | Getty Images Dogecoin started out as a joke. Now it’s a top-10 digital currency worth $34 billion. The cryptocurrency is based on the “Doge” meme, which rose to popularity in late 2013. The meme portrays a Shiba Inu dog alongside

Aaron Newsom, left, an installer for the solar company, Sunrun, and Tim McKibben, a senior installer, prepare solar panels to be installed on the roof of a home in Granada Hills. Mel Melcon | Los Angeles Times | Getty Images Check out the companies making headlines before the bell: Morgan Stanley (MS) — Morgan Stanley

Federal Reserve Governor Christopher Waller said Friday he sees the U.S. economy as set to take off, though not at a fast enough pace that the central bank should start tightening policy. “I think the economy is ready to rip,” Waller told CNBC’s Steve Liesman during a “Squawk on the Street” interview. “There’s still more